Pelham Street, Newark

HMO Investment opportunity comprising a three storey-house proving five rooms en-suite. The property is fully let. The income is currently £580 per week representing an annual gross income of £30,160.

The property comprises a well maintained mid terraced Grade II listed Georgian town house. The rooms are nicely appointed, double glazed and the present licence (subject to renewal on transfer of ownership) was granted recently, 2 January 2024.

HMO Investment opportunity comprising a three storey-house proving five rooms en-suite. The property is fully let. The income is currently £580 per week representing an annual gross income of £30,160.

The property comprises a well maintained mid terraced Grade II listed Georgian town house. The rooms are nicely appointed, double glazed and the present licence (subject to renewal on transfer of ownership) was granted recently, 2 January 2024.

The property has been exceptionally well maintained to a high standard resulting in comparatively low ongoing maintenance.

The following accommodation is provided:

Ground Floor -

Room One (Double) - Bed/sitting room, en-suite shower room.

Room Two (Double) - Bed/sitting room, rear lobby and entrance door. Shower room.

Back Hall And Staircase -

Basement -

Communal Kitchen - Barrel vaulted communal kitchen with washing machine and two refrigerators, stainless steel sink unit, electric hob and oven.

First Floor -

Landing -

Room Three (Double) - Bedsit with en-suite.

Room Four (Double) - Bed/sitting room, en-suite





Second Floor -

Room Five (Double) - Bed/sitting room, en-suite.

Roof Storage Area & Water Tanks -

Outside - Enclosed private south facing communal amenity area, side gate and right of way across the adjoining property and through double Coach House doors into the street. There is a coded access.

Services - Mains water, electricity, gas and drainage are all connected to the property. There is gas fired central heating throughout.

HIVE landlord remote internal temperature control.

Smoke detectors, security alarm and fire detectors.

Legal - The property is occupied under Law Society House Share Agreements.

Tenure - The property is freehold.